Scribd
Upload
21 views

Narrative STRAMA

This summary outlines the key takeaways and insights from an online lecture that focused on different facets of supply chain and inventory administration. The lecture featured presentations from five speakers, each addressing a distinct domain including value network analysis, supply chain management, supply management, source and ordering, and inventory models.

Uploaded by

Vidal Angel Glory Borj A.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
21 views

Narrative STRAMA

This summary outlines the key takeaways and insights from an online lecture that focused on different facets of supply chain and inventory administration. The lecture featured presentations from five speakers, each addressing a distinct domain including value network analysis, supply chain management, supply management, source and ordering, and inventory models.

Uploaded by

Vidal Angel Glory Borj A.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 5

Republic of the Philippines

OCCIDENTAL MINDORO STATE COLLEGE


Mamburao, Occidental Mindoro Website: www.omsc.edu.ph
Email address: [email protected]
Phone No.: 09218574477

College of Business, Administration, and Management

NARRATIVE REPORT

This summary outlines the key takeaways and insights from the online lecture on February 22nd,
2024, which focused on different facets of supply chain and inventory administration. The
lecture featured presentations by Angel Glory Borj Vidal, Edrian Dorendez, Jevie Ibanez, Cariza
Santelices, and Janine Abigan, with each one addressing a distinct domain within this essential
business operation.

Value Network Review (Angel Glory Borj Vidal)


Vidal's presentation explored the notion of value network analysis, a framework for evaluating
and understanding the various activities that add to a product or service's total worth. Vidal
clarified how this review assists companies in comprehending their cost configuration,
pinpointing potential areas for enhancement, and gaining a competitive edge.

Supply Chain Management (Edrian Dorendez)


Dorendez concentrated on the wider scope of supply network management, covering the
planning, organization, and oversight of all operations involved in obtaining, producing, and
delivering goods and services to consumers. Dorendez stressed the importance of efficient and
effective supply network management in today's globalized and competitive business climate.

Supply Management (Jevie Ibanez)


Ibanez narrowed the focus to supply management, a vital component of the whole supply
network. Ibanez’s presentation encompassed topics like sourcing, negotiation, contracting, and
supplier rapport management, underscoring the importance of cultivating robust relationships
with suppliers to guarantee a reliable and cost-effective product and material flow.

Source and Ordering (Bernadette Villaluna)


Villaluna shed light on the source and ordering process, which involves identifying and selecting
the right suppliers, placing orders, and managing the delivery of materials. Villaluna discussed
various factors to consider when selecting suppliers, such as quality, price, lead time, and
reliability. She also explained different ordering methods, like just-in-time (JIT) inventory, to
optimize stock levels and minimize costs.

OMSC -Form -OFC 09 Eff. Date:01-07-22 Rev 01

Educate, Empower,
Excel
Inventory Management (Cariza Santelices)
Santelices tackled the critical subject of inventory administration, which includes balancing the
need to have adequate stock on hand to satisfy customer demand while minimizing associated
inventory holding costs. Santelices reviewed various inventory administration methods, like
forecasting, safety stock, and just-in-time (JIT) inventory, and their particular applications.

Inventory Models (Janine Abigan)


Abigan wrapped up the lecture by investigating different inventory models, quantitative tools
utilized to determine optimal inventory levels. Abigan clarified how these models’ factor in
elements like demand, lead time, and holding costs to assist companies in making informed
inventory administration strategy decisions.

In summary, the online lecture offered a valuable overview of various supply chain and
inventory administration facets. By delving into specific areas like value network analysis,
supply network management, resource management, inventory administration, and inventory
models, the presentations provided a comprehensive grasp of this vital business function. The
insights gained from this lecture can be applied to enhance operational efficiency, reduce
expenses, and boost customer satisfaction within any organization.

OMSC -Form -OFC 09 Eff. Date:01-07-22 Rev 01

Educate, Empower,
Excel
DOCUMENTATIONS

Ms. Vidal discussing the meaning of Value Chain Analysis, its importance and
relevance to the organization.
Mr. Dorendez explaining the Supply Chain Management and how it works inside an
organization. OMSC -Form -OFC 09 Eff. Date:01-07-22 Rev 01

Educate, Empower,
Excel
Ms. Ibanez discussing the meaning of Supply Management, importance of cultivating
robust relationships with suppliers.
Mrs. Santelices explaining the Inventory Management and Methods and how to
balance the need to have adequate stock on hand to satisfy customer demands.

OMSC -Form -OFC 09 Eff. Date:01-07-22 Rev 01

Educate, Empower,
Excel
February 27, 2024, Ms. Vidal gives the questions about the discussion last February 22,
2024.
Ms. Villaluna explaining the Source and Ordering and discussed various factors to
consider when selecting suppliers.
Ms. Abigan explaining the Inventory Models and how these assist companies in
making informed inventory administration strategy decisions.

OMSC -Form -OFC 09 Eff. Date:01-07-22 Rev 01

Educate, Empower,
Excel

You might also like